C P a Auditing Questions to January 1 1914 Comprising All the Available Exa

Cover C P a Auditing Questions to January 1 1914 Comprising All the Available Exa
C P a Auditing Questions to January 1 1914 Comprising All the Available Exa
Harry C Harry Clark Bentley
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The principal owner of the company being in the supply and contracting business has financed and constructed the property, but his operations in respect of same have not been spread on the company's accounts with exception of partial payments on account which appear in the bank ac- count. Describe fully your procedure in procuring the necessary information for your report.
10 2 C. P. A. AUDITING QUESTIONS Question 379 What recommendations would you make for preventing fraud in the following dep
...artments of a bank : (1) Depositors' accounts?
(2) Loans?
(3) Revenue and expense accounts?
Discuss fully your recommendations and give the rea- sons in support of them.
Question 380 (a) Outline the revenue and expense accounts of a life insurance company and their proper treatment at annual closing periods.
(b) In the annual report of a life insurance company to the Insurance Department of Pennsylvania, what is com- prised under the 1 captions : "Non-Ledger Assets"? "Non-Ledger Liabilities"?
Question 381 You are retained by the prospective purchaser of a busi- ness to make an examination of the accounts covering a period of five years ended December 31, 1911.


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